Nvidia Stock Is Back at Its May Record. Its Quarterly Revenue Is 41% Higher.
The share price is right where it was in May. Is the stock cheaper today?
Nvidia's (NASDAQ:NVDA) stock has reached a May record high. Its shares surged to $237.87 on Friday, October 2nd, surpassing the previous May peak of $236.54. Currently, the stock hovers around $235, nearing its May 14 record close of $235.74. Nvidia's market valuation is approximately $5.7 trillion. While the stock price remains comparable to mid-May, the company's financial performance has significantly improved.
In May 2026, Nvidia reported a fiscal fourth-quarter revenue of $68.1 billion. However, its most recent report for the fiscal second quarter of 2027, ending July 26, 2026, revealed a staggering $96.2 billion in revenue. This translates to a 41% increase in quarterly revenue, maintaining a similar stock price.
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